eToro has named Yaki Razmovich as its new Managing Director for Singapore and Asia, as the trading and investment platform looks to deepen its presence in the region.
Razmovich brings over twenty years of financial services experience to the role, having previously held senior positions at Standard Chartered and ABN AMRO Bank.
He has spent over 15 years working in Singapore and Hong Kong, with a background spanning strategy, business development, regulatory oversight, and product implementation.
His past responsibilities included heading strategy and business development divisions, managing product rollouts, and overseeing risk and regulatory compliance across the Asia-Pacific region.
Most recently, Razmovich led the Asia-Pacific expansion for tech firm Essence Group.
In his new role at eToro, Razmovich will oversee operations in Singapore and support the company’s expansion across key Asian markets.
eToro has received in-principle approval for a Capital Markets Services license from the Monetary Authority of Singapore and is working towards activating it.
Etay Cohen, Chief Customer Officer at eToro said,
“Yaki’s appointment demonstrates our goal to strengthen our footprint in Asia.
His proven track record in leading regional expansion, coupled with his deep understanding of regulatory frameworks and client needs across Asian markets, makes him well-positioned to drive our growth in Asia. We’re thrilled to have him on board.”
Yaki Razmovich, Managing Director of eToro Singapore and Asia said,
“I’m honoured and excited to join eToro and lead its growth in Singapore and Asia. We have received an In-Principle Approval for a Capital Markets Services license from MAS and are working towards activating it in the foreseeable future.
Singapore is a key wealth management and financial hub in Asia and is the natural choice for eToro to expand its services to the Asia Pacific region.”
eToro recently filed for an initial public offering in the United States.
The company has publicly submitted a registration statement with the U.S. Securities and Exchange Commission (SEC), though the number of shares and proposed price range have not yet been determined.
The listing is expected to proceed after the SEC completes its review.
Featured image credit: Edited from Pexels
